In a field of success stories, Lam Research Corporation (NASDAQ: LRCX) has become one of the absolute winners of the AI boom. As of May 7, the stock was up almost 300% in the last 12 months, more than 70% year to date, and over 30% in the past month alone.
While undoubtedly great for those who’ve been in for the whole ride, the pure one-directional nature of the move, particularly in recent weeks, may be making investors cautious right about now.
